2/10/2001 @ Old School Skate Jam 2001. Since her skating days with the Z-Boys, Peggy Oki went on to UC Santa Barbara to study environmental biology, eventually receiving her Bachelor of Arts in Painting at The College of Creative Studies (UCSB). (She got around campus, primarily by skateboard.).
DEFINITION of 'Incorporation'. The process of legally declaring a corporate entity as separate from its owners. Incorporation has many advantages for a business and its owners, including: 1) Protects the owner's assets against the company's liabilities. 2) Allows for easy transfer of ownership to another party. 3) Achieves a lower tax rate than on personal income.
A corporation is a type of business organization viewed as a separate legal entity under state law. This allows the corporation to do things a person can do, such as pay taxes, initiate litigation and be sued by others.hen a business becomes incorporated, it has completed the process of becoming a corporation, as recognized by state law. Incorporation provides the owners with many advantages, but the primary benefit is the business will be viewed as a separate entity from its owners.